Italian Designs of Basra Big Port
It is expected that the project of Basra’s Big Port will cost around $80 billion, and will be executed by an Iraqi-U.S. firm in four years according to Italian designs.
Media Regulator Calls for Greater Press Freedom
The head of Iraq’s Communications and Media Commission (CMC) Dr Burhan Al-Shawi, has announced plans to hold a major conference in partnership with the Iraqi Supreme Judicial Council as part of efforts to abolish laws that are incompatible with press freedoms. An independent authority that is solely responsible for licensing and regulating telecommunications and media […]
4th Cell Phone License Approved
The Iraqi Council of Ministers has decided to grant a license to the 4th mobile phone provider in Iraq. “The decision comes in order to activate the communication sector in Iraq, and to provide better cell phone service to the Iraqi people,” Dr. Ali al-Dabbagh, the official spokesperson of the Iraqi government, said on Sunday […]
UAE Invests in Big Housing Project in Baghdad
A firm based in the United Arab of Emirates (U.A.E) will invest in a big housing project in the Iraqi capital, the Baghdad Mayoralty said on Sunday. “The company will invest $20 billion over a period of 10 years,” the mayoralty said in a release received by Aswat al-Iraq news agency. The project will consist […]
Najaf Council Bans Transportation Ministry
The Najaf Provincial Council has decided on Sunday to ban dealings with the Iraqi Transportation Minister Amir Abduljabbar and his Ministry. “The decision was made because the minister has an anti-Najaf policy,” a media source from the council told Aswat al-Iraq news agency. He noted that the Najaf Provincial Council will file legal petitions to […]
US Charity provides ID90m for Water Project in Talafar
A project to extend a water network in al-Jazirah neighborhood in southern Talafar district, western Mosul, at a total cost of 92 million Iraqi dinars was finalized on Sunday, the mayor said. “The three-km-long project to increase the drinking water network was finalized today (May 23). It has been made possible through finance from a […]
US Troops for Reconstruction Projects
Reconstruction and rehabilitation projects have started once again in Anbar region after a relatively stable security level which helped to complete important service projects to provide water filtering and refining stations. US reconstruction teams played an important role in the projects through planning, financing and implementation. 7 water storage tanks have been built in Hit, […]
Nineveh to Start Development
Nineveh governor Athil Al Nujaifi said that the province has started to implement this year’s provincial development after Ministry of Planning approval. Work will start after contractors submit their bids. The projects have been approved by the Provincial council and submitted to the Ministry of Planning which ratified the majority of them. ( Al SumariaTV […]
Chinese Play for Closer Ties with Arabia
The Chinese deputy Foreign Minister, Zhaijob, told an Arab foreign ministers meeting in China that his country is now the third economic power in the world but it needs time to face the big challenges of restoration despite the fact that his country could double its domestic product. . Zhaijob said that China placed high […]
Wheat Production to Double This Year
Iraq Deputy Agriculture Minister Sobhi Al Jamili said that Iraq would double it’s wheat production this year to 2.5 million tonnes due to climatic conditions which should enable Iraq to provide half of the total wheat consumption it needs. Al Jamili said that Iraq Premier Nouri Al Maliki has approved a project submitted by the […]
ISX Trading Hits ID23b
The Iraqi Stock Exchange (ISX) trading this week hit 23.252 billion Iraqi dinars (roughly $19.8 million), mostly through deals over the North Bank as new members joint its board of directors. The national capital market traded over 13.133 billion shares worth 23.252 billion dinars through 1215 deals with non-Iraqi investors grabbing 88 purchase deals worth […]
Iraqi Capital Migration and the Call for Investment
There are no precise statistics about the volume of Iraqi capital which has been transferred outside Iraq by businessmen and by migrating Iraqi citizens. Emad Kadhim who works as a textile salesman talked about the problem saying this phenomenon started with the beginning of Iraqi-Iranian war and its aftermath. He added that it increased after […]